A €200 million office development for Ballsbridge is set to transform four vacant office blocks and lands that were once a part of the AIB Bankcentre building.

Planning permission was granted to developer Johnny Ronan earlier this month, with five-storey office buildings to accommodate up to 2,200 workers set to be built.

The plans, which were granted permission following appeals to An Bord Pleanala, will see the blocks updated to create a stunning business campus located across from the RDS.

CGI concept of the development (Image: Dublin City Council)

While the plans will see the blocks modernised, it will still be recognisable to Dubliners as the 'Wings of Freedom' monument will be an integral feature on the site.

Overall, the site will cover an area of 1.513ha and will see the construction of two office buildings to the east and west of the plaza - the AIB Bankcentre is located to the north of where the buildings will be located.

Plans were initially for six-storey buildings; changes to the original plans include removal of the proposed top storey from both blocks, bring them down to five-storeys.

CGI of the development (Image: Dublin City Council)

The office buildings were acquired by Mr Ronan last year for €67.5 million - his third major development purchase since exiting NAMA last year.

It had previously been purchased for a reported €200 million by property developer Sean Dunne in 2006.

Work is expected to begin on the Ballsbridge site by the end of the year, with a view to completing the development by mid-2019.

CGI concept of the development (Image: Dublin City Council)

Only days before the grant of permission, Ronan's RGRE (Ronan Group Real Estate) signed a deal to develop over one million square feet of space at Spencer Dock at a cost of €600 million.

The company also has plans to develop a 22-storey 'Aqua Vetro' tower on Tara Street, with pre-planning discussions currently taking place with Dublin City Council.

A planning application for the development is expected to be submitted by the end of the year.